Kelp DAO has ceased cross-chain bridging services for rsETH on 20 networks; user asset backing remains secure. Users with incomplete cross-chain transfers must burn rsETH on the source chain and pay a 100 USDC fee on Ethereum mainnet, then submit transaction records via email. The project team will settle quarterly and return rsETH to Ethereum mainnet. Movement ecosystem users follow a separate process. The asset recovery window is open until June 15, 2027.
Kelp DAO suspends the rsETH cross-chain bridge on 20 networks and opens an asset recovery window until 2027.
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Summary
Kelp DAO has paused rsETH cross-chain bridge operations across 20 networks, according to the latest on-chain update. Users must burn rsETH on the source chain and pay a 100 USDC fee on Ethereum to submit transaction records via email for quarterly settlement and recovery. Movement users follow a different process. Digital asset news confirms the asset recovery window is open until June 15, 2027.
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